Read more subprime crisis stories on Newserhttp://www.newser.com/taggrid/21745/subprime-crisis.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 7:24:24 CSThttp://www.newser.com/story/73095/goldman-seizes-homes-as-securities-sour.html?utm_source=syn&utm_medium=rss&utm_campaign=tagImagine finding yourself in a foreclosure battle and discovering that your opponent isn't the obscure lender who wrote your insane mortgage, but the formidable Goldman Sachs. It seems that after years of buying subprime mortgages and packaging them into bonds, at a handsome profit, Goldman is now in the business...http://www.newser.com/story/73095/goldman-seizes-homes-as-securities-sour.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 02 Nov 2009 8:21:51 CSThttp://www.newser.com/story/71370/watchdog-feds-need-to-expand-foreclosure-plan.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe Treasury's $50 billion loan-modification program is in danger of being swamped as the foreclosure crisis accelerates, the Congressional Oversight Panel said in a report yesterday. The Home Affordable Modification Program has met its target of 500,000 trial mortgage modifications started by November 1, but the watchdog warned that...http://www.newser.com/story/71370/watchdog-feds-need-to-expand-foreclosure-plan.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 10 Oct 2009 5:00:00 CDThttp://www.newser.com/story/64815/subprime-salesmen-now-refinance-experts.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe market for subprime mortgages may have dried up, but former salesmen have found a new calling: as loan modification advisers who help clients refinance the high-risk loans they used to sell, reports the New York Times . For a fee of around $3,500—the bulk paid upfront—former subprime...http://www.newser.com/story/64815/subprime-salesmen-now-refinance-experts.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 20 Jul 2009 7:38:57 CDThttp://www.newser.com/story/59175/foreclosure-crisis-wallops-minority-neighborhoods.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe national foreclosure crisis is battering minority neighborhoods with disproportionate force, the New York Times reports. Few areas in the New York region have been untouched by the crisis, but 85% of the worst-hit neighborhoods have a majority of black and Latino homeowners. Experts blame the trend on subprime lenders'...http://www.newser.com/story/59175/foreclosure-crisis-wallops-minority-neighborhoods.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 16 May 2009 6:44:17 CDThttp://www.newser.com/story/56665/us-may-avoid-more-bailouts-by-trading-loans-for-equity.html?utm_source=syn&utm_medium=rss&utm_campaign=tagPresident Obama’s economic team has figured a way to keep the banks afloat without asking Congress for more money, by converting the government's existing bailout loans to common stock, the New York Times reports. The conversion plan could stretch Treasury’s fund by more than $100 billion, but it would expose...http://www.newser.com/story/56665/us-may-avoid-more-bailouts-by-trading-loans-for-equity.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 20 Apr 2009 8:54:20 CDThttp://www.newser.com/story/55363/nukes-climate-change-love-em-to-death.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFew so-called experts predicted the subprime meltdown or the September 11 attacks, Jacob Weisberg writes in Newsweek —so what else might the pundits be wrong about? Nukes are bad : An influential political scientist “argues that possessing nukes induces restraint and caution, causing irresponsible regimes to behave more responsibly.” Climate change...http://www.newser.com/story/55363/nukes-climate-change-love-em-to-death.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSun, 05 Apr 2009 18:15:15 CDThttp://www.newser.com/story/53640/aigs-bailout-cash-flowing-to-hedge-funds.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe government cash flowing steadily into AIG is going in no small part to pay off hedge funds that bet against the housing market, the Wall Street Journal reports. The hedge funds placed credit default swap bets with other banks—Deutsche Bank and Goldman Sachs are specifically named in documents...http://www.newser.com/story/53640/aigs-bailout-cash-flowing-to-hedge-funds.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 18 Mar 2009 7:30:46 CDThttp://www.newser.com/story/53255/my-401k-proves-i-could-do-better-than-cnbc.html?utm_source=syn&utm_medium=rss&utm_campaign=tagHe may have gotten only a B in economics, but James Rainey, in the Los Angeles Times , says he can be the next CNBC personality. “There’s got to be a spot for me on one of those chatter fests,” he says, because “I’ve out-performed the Dow by more than 100%!...http://www.newser.com/story/53255/my-401k-proves-i-could-do-better-than-cnbc.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 13 Mar 2009 13:25:20 CDThttp://www.newser.com/story/53257/naacp-accuses-banks-of-loan-discrimination.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe NAACP is accusing Wells Fargo and HSBC of forcing black people into subprime mortgages while whites with identical qualifications got lower rates. Class-action lawsuits were to be filed against the banks today in federal court in Los Angeles. Similar NAACP lawsuits are pending against a dozen other subprime lenders....http://www.newser.com/story/53257/naacp-accuses-banks-of-loan-discrimination.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 13 Mar 2009 10:49:33 CDT